Seeking Currency Exchange License

We contacted the Bank of Thailand to apply for a currency exchange license for our Bitcoin trading and obtain guidance from the Central Bank

BoT advised us at that time to discontinue our Bitcoin buying and selling services until they could consider any applicable regulations.

We immediately complied with the Bank of Thailand's advisement and closed our Bitcoin.co.th buy and sell services until further notice.

June 2013

Entered the Mining Industry

While awaiting the BoT to consider the regulation of Bitcoin exchange services, we wanted to stay involved in the Bitcoin.

Bitcoin Co. Ltd. started to import and sell early model Bitcoin ASIC mining device to the Thai market.

August 2013

Bank of Thailand Approval

After reviewing our currency exchange applications the BoT responded to us with guidance that Bitcoin was not considered a currency in Thailand and was outside the scope of currency exchange regulation; and we were again able to operate a Bitcoin exchange business in Thailand.